7 years ago
1
66% of Millennials have nothing saved for retirement
Most Millennials are not on track when it comes to saving for retirement. That's no surprise. After paying bills, rent and making student loan payments, there's often not much leftover each month for young people, many of whom entered the workforce at a time of stagnant wages and high unemployment. But a new report shows just how far off track they might be. About 66% of people between the ages of 21 and 32 have absolutely nothing saved for retirement, according to the National Institute on Retirement Security. The report is based on Census data collected in 2014.
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http://money.cnn.com
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It's not just millennials, and I'd wager at least that high a percentage overall can't pay an unexpected $1,000 car repair or medical bill.